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's helping the economy make a comeback. a "set back" for stocks, on investor jitters about the global economy. the major averages are now in negative territory for october. is this a buying opportunity or time to take profits? and toyota, once known for quality, announces yet another major recall. does this make toyota less popular with consumers? that and more tonight on "n.b.r."! the nation's housing market appears to be building a new foundation. that's according to the latest snapshot of the u.s. economy released today by the federal reserve. the so-called "beige book" compiles data from 12 fed districts, and it shows residential real estate improved in "all" districts in september. anecdotes from business contacts and economists noted existing home sales strengthened, while prices rose or stayed stable. suzanne pratt takes a closer look at whether the broader economy is also showing signs of strength. >> reporter: here's a shocker: the u.s. economy is growing, but only at modest pace. that's what anecdotes, not hard numbers, from the fed's regional banks suggest about the business climat
expect. and, we'll get inside the brainstorming session of politicians who hope to revive the economy. what to watch in the stock market ahead of tonight's vice presidential debates. plus, will oscar buzz surrounding a new movie help put it at the top of the box office heap? and are traders hopping in the costco shopping cart? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, october 11th. i'm angela miles. in today's first look: debate night as vice presidential candidates joe biden and paul ryan square off in primetime. yesteday turned into another downer for the market. alcoa and chevron weighed heavily on the dow. gold ended the session flat and oil dipped by nearly a dollar. and the winter heating outlook is in. following last year's warm winter, some americans will get a sticker shock this year, especially those using heating oil. those bills are projected to rise 20%. lately the hot market has been cooling off. phillip streible of rjo futures joins us. good morning to you. what's your
is beginning to court the global economy throh e sale ofydroeltric power. geof its indigenous tions wd its natural environment. the mekong river traces an 1,100-mile path through or along the border of laos. the river has also been a barrier between laos and its neighbors. now there is a road, where before there was none. in 1994, the friendship bridge gave laos its first land link with the outside world, through thailand to the west. the bridge may symbolize a connected future, but laos in the here and now remains among the poorest countries in the world. ( rooster crows ) it is the least developed country in the lower mekong basin. life expectancy is low, about 53 years. ( rooster crows % of cn e ourished. the potential changes brought by economic development are enormous. the soil here is rich and fertile. laos remains a largely agrarian society. lowland peoples practice wet rice farming. the capital, vientiane, has a population of just half a million. the rest of the 5½ million laotians are spread over 155 million square miles of land. it'she sonlowestpulaon dena aand the least urbani
on the part of our members. >> she repeated her view that the global economy continues to recover, but she said the pace is slower than expected. what she called a veil of uncertainty covers various parts of the world. so she's urging policymakers in europe to act now. legarde encouraged them to follow through with plans to create a banking union. then she turned her attention to the friction between japan and south korea over territorial issues. she's calling on leaders from both countries now to patch up their relationship. she said it's critical for asian economies and for the global economy. japan of course locked in another territorial dispute with china. some chinese delegates as we know have stayed away from these meetings. legarde said they're missing out on a great opportunity. she says she hopes the problems between the two however long-standing could be resolved. the head of the world bank says the uncertainties in countries that we've been talking about are leading people in developing nations more vulnerable. kim jung in says it's making things worse. >> increasing food prices
in the first place. wall street cannot be allowed to be reinstated. it drove our economy off the cliff and people tried to punish our records but they were not the ones that drove off the cliff. yet that is where the budget goes to recoup. it's time for us to have responsible regulation that makes sense. >> thank you very much >> moderator: final question i will be asking. you have three minutes to both answer the question and then make your closing remarks. mr. renacci, you talk a lot about a bipartisan group that you are a member of, 16 members, eight republicans, eight democrats, and devotee sutton you talk about reaching across the offer cash for clunkers. no single party can have all of the good ideas. i wonder what you heard from your colleagues on the other side of the all that makes sense, and what are you doing specifically to bring the governments instead of gridlock to the nation's capital? and i think we split ahead of time, and the first response, final response will go to congresswoman sutton. sutton: thanks very much for the question. i think building those relationships
of the tourist economy that crashed after the violent attack in 2002; whetr the influx of sitors will threaten the loca and how ba's distinct cuure fits into the complex diveity of indonesia. still use the methods passed down from their grandfathers. but life around them is chaing. it's a lot greener some of those roadsideught stalls look interesting. yeah, might do those tomorrow still haven't worked out the money though. ( people clamoring, airport announcements ) narror: balias bn a ist mecca for more tn 50 years. still haven't worked out the money though. ( people clamoring, turistsng money and jobs, wo but they also bring with them dierent cultural values. still haven't worked out the money though. ( peoptourist:ring, turistsng ...with the headdress. they're hiu laes. what's the religion here? uh, they're muslims. narrator: maintaining a strong sense of identity uhs been a challenge for bali as it embraces economi de. there seem to be an awfulot o tourist buses, too yeah, i've seen a lot of tousts in tse four-wheel drives, too. tourist: yeah? in tsecomefrusall drives, too. becausit's so
of legislation, sitting in congress. and it is much ado about nothing, this election is about the economy, the president has not performed. he is chasing every rabbit down the trail to make this thing about his own record, and the miserable condition of the economy. and that is what we'll talk about. >> but isn't the problem? it comes down to trust, and therefore, we have to trust him, generally. and even his position on abortion in the last 12 months has flip-flopped on abortion. >> it has not, piers. >> it has. >> it has not, piers -- >> let me put the allegations to you, and you can respond. the allegation is that he was saying before i want to repeal roe versus wade, and i want to power to go to the state. and he says now he has no plans regarding abortion. so which is it? >> listen, he is referring to whether or not there is some piles of legislation in congress that he is pursuing in his presidency. he is committed to, and has said it still yet today the fact that we will not be funding abortion with taxpayer's money, whether it be in his own budget or whether it be in foreign aid.
cuts and tax increases will drive down the u.s. economy over what's called the fiscal cliff. central bankers from the u.s. and elsewhere explained how they were using additional monetary easing to curb their common problems. the ministers and governors didn't emerge with any official statements or even give signs of further coordinated action. they said something they've said before -- they'll keep working on it. reiko sakurai, nhk world, tokyo. >>> the head of the imf is asking those around her to draw on the spirit of their hosts. l christine lagarde says she's impressed by the resilience japanese showed as they worked to recover from last year's disaster. she's calling on leaders to share that sense of cooperation. >> we expect action, and we expect courageous and cooperative action on the part of our members. >> lagarde says she and her colleagues unwhat needs to be done. she's urging banking supervisors to complete the job of rewriting the rules of finance. government leaders need to tackle what she calls a legacy of high debt. lagarde says they should focus on getting people, p
. vegas casino developer, steve wynn taking a stab at the president over jobs and the economy. listen to the knockout punch. >> i have created about 250,000 direct special indirect jobs, according to the state of nevada's measurement. that's exactly -- if the number's 250,000, that's exactly 250,000 more than this president, who i will be damned if i want to have him lecture me about small business and jobs. guys like me are job createsors and woe don't like a bull's-eye on our back. the president's trying to put himself gone me and my employees by class warfare, depriicating and calling a group that makes money, billionaires and millionaire who is don't pay their share. i gave 120% of my salary and bonus last year to charities, as i do most years. i can't stand the ideas of being demagogued, put down by a president who has never created any jobs and doesn't understand how the economy works. >> greta: does steve wynn have a point? overstock.com patrick burn is here. good evening. >> gret agrat to be on,. >> greta: overstock.com has over 100,000 employees. you are a large employers. i
. >> they are trying to suck the life blood out of the economy. >> vampires? really, mr. romney? this sucking up to the right wing went too far. nice try, moderate mitt. but we got the tape and we got you. water will work for a few seconds but if you're not drinking it, it's going to get dry again. i recommend biotene. all the biotene products like the oral rinse...the sprays have enzymes in them. the whole formulation just works very well. it leaves the mouth feeling fresh. if i'm happy with the results and my patients are happy with the results, i don't need to look any farther. that was me... the day i learned i had to start insulin for my type 2 diabetes. me... thinking my only option was the vial and syringe dad used. and me... discovering once-daily levemir® flexpen. flexpen® is prefilled. doesn't need refrigeration for up to 42 days. no drawing from a vial. dial the exact dose. inject by pushing a button. flexpen® is insulin delivery... my way. levemir® (insulin detemir [rdna origin] injection) is a long-acting insulin used to control high blood sugar in adults and children with diabe
. it is partly the result of the sanctions. iran's economy is being squeezed. can't sell oil that it wants to in the quantities that it wants to. the result is there is no confidence in the local currency, the rial. but as yet, it hasn't had the effect of changing tehran's mind in its nuclear program. the first indication which would be a willingness to cooperate with the rest of the world and to answer some rather pertinent queions about its nuclear program. what was it doing and what were those activities all about? melissa: in the meantime we've been hearing reports about this growing rift between ahmadinejad and the ayatollah khomeni. doou believe that and how does that change the situation? >> it helps t situation but it doesn't really change the situation. confusingly iran has not only a president, ahmadinejad but also a supreme leader, ayatollah ali khomeni. the supreme leader, as the name would suggest, is much more senior person than the president and the problem here is that although ahmadinejad was khomeni's candidate for the job, not only in 2004 when he got it but in 2008 when
city with all these events and at the same time we're creating jobs and we're making sure our economy is boosting at the same time. we've been very successful at creating conditions to make sure that our investors and our entrepreneurs in this city maintain their investor confidence, allowing them to innovate, to grow and to create jobs. and whether they are a neighborhood or a small business or an international clean tech company or new technology company, they've got investor confidence in our city. we're also creating investor confidence because we have in working closely with our controller and all the other financial organizations of our city and all of our departments, we're now on a more financially stable responsible path. we've done our pension reform, it's not 100 percent, we've gt a big chunk of it down and we're going to continue doing the smart things to make sure that pension is solid. and we've got structural reforms in our budget as well. we passed our first two-year budget. that's a wonderful accomplishment, one that i'm interested in to continue it make sure we
the economy and now we know why. it has gone from concern to fear. they are fearful of the rollout of obamacare and taxarmageddon. tax rates will go back where they were 12 years ago and i had a businessman today tell me with tears in his eyes the luncheon we sponsored that if obama gets reelected and he continues to force the rollout of obamacare he will have to shut down his business and he has been in business in this town -- i meant st. louis -- since 1957. because of all of the requirements that are going to be forced on business people. this is very real and people are veey fearful of what can happen if we don't get some more certainty in this economy. gerri: all of these topics will be part of the debate tonight. you have experience with the baiting. you did pretty well. what would be your advice to the two candidates who will be sparring with each other in a round table? they will be seated next to each other. >> here is what i predict. first of all, governor romney and representative brian have three things in common going into a debate. governor romney showed that these t
the economy around and his passion is to shrink the size of government. he made the compelling case in the debate and did an excellent job. >>neil: is it your feeling, senator, that the economy is going the president's way? many of course have doubts about the reliability of the government data lately but having said that, it such that the obama folks can say, well, the trend is our friend and the republicans can whine about the economy but it is getting better and it is making mitt romney fight harder. >> when you pump tens and hundreds of millions of what the fed is doing to prop up the stock market and commodity prices and the over all economy, look, the obama administration has about everything the government can possible do and we still at 1 percent or 2 percent growth from the deepest recessions we have ever had. this is part of the regulatory policy of this administration is blowing in the opposite direction. as hard as the fed is trying to do it and as much as the private sector is trying to regain the horrible chinament this president, not just regulatory, but climate in te
on the stock market, which mr. blankfein said is a separate animal, but on the economy as a whole. the great unleashing of capital that would happen if this problem was solved. and that's the stake here. >> yeah, sue, and not a great deal of confidence from either man today that any deal could be reached. really any time soon. >> indeed. i think mr. blankfein hit the nail on the head when he said in reference to the fiscal cliff, that he feels as though the fed has been, in his words, courageous but that there is no remedy from the fed for the nis c fiscal cliff issue if it is not resolved. that to me was a big headline and i hope a lot of congressman and senators out there are listening to that because that to me was the shot across the bow. that to me says if they do not buckle down and get this resolved, do not look to ben bernanke and company to solve the problem. they can't in mr. blankfein's opinion and i think that's an incredibly important warning sign. >> steve leisman joins us now. steve, we were all riveted to you as we were talking to you with the three wise men, simpson and bowl
more time. >> central banks take action on slowing grow global growth. economy with waiting demand. >>> plus the stakes have been raised for tonight's debate. new polls show the race for the white house has tightened. >>> welcome. it's thursday here on "worldwide exchange" and spain now holding above junk status. >> raising interesting questions as we'll discuss later in the program about investors' ability to maintain exposure to the sovereign. >> s&p move was expected, but it came after the euro group meeting. people now looking to moody's. if spain goes to junk, what does it mean for corporates. >> how many companies have we seen that are big, healthy companies being penalized and may not being able to have people invest in them because their rating is linked to the sovereigns rating. so whether they start to try to detach those or just the pressure it puts on those companies to perhaps look elsewhere. >> speaking to cnbc earlier, blamed the move on the pressure on spain, but more important was the backtracking on using esm to directly capitalize the banks. >> the perceived comm
get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-president joe biden at tonight's debate. this is from a recent campaign stop in florida. [video clip] >> there is no quit in america, folks. ladies and gentlemen, that's why i know i'm not the only one who was offended to hear governor romney write off nearly half the country is in his statement about 47% of the people being dependent. if you read the book congressman ryan has written with two other leading young members of the republican party, they talk about -- the title of the book is "young guns," and they talk about this culture of dependency in america without acknowledging that all those people -- o
together again to try to fd a way to keep the global economy from stalling. they're getting ready to meet in folk tokyo. their discussions are happening on the sidelines of the international monetary fund and world bank meetings. this is the first group of 7 meeting since april when ministers met in washington. they're trying to find ways to create steady growth despite europe's lingering debt crisis. representatives from eurozone countries are expected to look for support for the new rescue fund they launched monday. analysts say the global economy has been comparatively stable in recent months with financial rkets showing more solid movements but they warn china and other emerging economies are slowing down because of europe's problems. and those problems just seem to worsen day by day for eurozone members. a major u.s. ratings agency has downgraded spain's sovereign bonds. they're now just above junk territory. standard & poor's cut spain's credit rating by two notches, from bbb-plus to bbb-minus. only one notch above speculative status. they also point out a fear that worsening unempl
. but most importantly we have to grow the economy. and so there are a host of host of measures in each of those areas that are absolutely critical for our future and they are not easy decisions to be making but we have to make them sooner rather than later. because if you just pass the buck, it is the next generation who is going to be holding the bag. and in my mind, that is why i am running. it is really to look out for the children who are not voters, who are not being actually considered in my mind as much as they should. >> thank you. >> mr., chig how would you address the state's financial problems? >> we are about a hundred billion dollar budget here in california. we spent about a hundred billion and we bring in $80 billion revenue and that is a $20 billion budget gap, the fastest way for that is to grow jobs, we created clean, green collared jobs and brought jobs from overseas here into san francisco. she is are models that we can take to continue to grow our economy. unfortunately that is not going to be enough. we have to also look at ways to raise revenue, that is why i am
busters on our financial economy, stablization and financial ideas because that's what we have to do first, is have a good economic foundation in which to grow. for the first time in years you've seen a lot of unity move around this city between business and labor, between the laib and the board of supervisors. we've all come together to tax reform, on housing, on fixing our parks and open space. we've got this year coming together in unprecedented way to put these issues on the ballot before the voters and make sure it's the right time for all of us to be smart, to make long-term investments in housing and in parks and it is time to do tax reform. together we're putting people back to work, building our city at the same time and now the tax structure has to be addressed. a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted t
economies to fwroe and our dialog in our country is the urban cities that have to create the new jobs for the new economy. i know paris must do so as well, and if we work tokt, we can create those and instigate and innovate our new ideas for the new economy and our mutual obligations on the environment, and then there is something that paris and san francisco hold very dearly and that's an ongoing conversation about our human rights as world leaders, so it's human rights, it's the environment, it's the economy and these are the reasons why we hold our relationship with paris and with all the other great cities of the world in a sister city relationship so dearly, we learn from each other, we send delegations to each other, we welcome each other to the city but in each and every instance, we are always thinking about ideas about how we can help each other and help regions improve, so i am excited to have met with the mayor just a few minutes ago to reaffirm our relationship and we'll sign that in a few moments to document that and to promise each other that we will continue this very
is going to be the economy that decides it. in the economy of monthly and quarterly data releases, this is the economy of day-to-day lives. the struggle to find jobs and pay bills. it was striking and that several people referring to both candidates said, i wish they could step into my shoes for a day to see it as i see it. there is a perception that they have not empathize. hashemi polls suggest that some voters say they are starting to see an uptick in the economy. >> there is a concern about the day-to-day lives and the future. we cut something. that is what washington has done and they're very worried about china. >> nobel prize for literature has been awarded to the chinese writer. making the announcement, the swedish academy praised his for realism. many in the west may not be familiar with his work, but we have more on the prolific writing that has stretched for decades. >> [inaudible] >> he was at home with his dad when he heard that he won the nobel prize for literature, the first chinese national to do so. he said he felt overjoyed and terrified as the man who made the a
will that be enough to reignite pc sales, right now they're significant a tough economy, the tablet wars and sales in emerging countries are some things weighing on the pc company. >> and that, you see, nicole, windows 8 will make all the difference in the world in the pc market and i'm telling you. >> yeah, i've got muscle, i've got microsoft muscle. i hope for you, stuart. stuart: thank you. dow jones industrials opening with a rally back above 13,400. 57 this morning. to the jobless numbers we brought. the number looks good on surface, 339,000 new claims, down 30,000, a big drop. you have to look deeper, the labor department says one large state didn't report their numbers. that really changes things. this number certainly can't be compared to any previous numbers because that one big state, unnamed, is missing. we'll likely get the real number about a week from today, maybe, when this number may be revised, but why would you put out an incomplete report? i ask you. the newest poll from michigan shows mitt romney tightening the race there. president obama still leads by 6 points, 50-44. michiga
condition about the economy. >> it comes down to trust. therefore we have to trust him generally. and his position about aboion has flipped all over the place. >> it hasn't. and what he is referring to let me put the allegation to you, the allegation that he was saying before that i want to repeal row versus wade and i want the power to revert to states and now he is saying he has no plans with the power to refer to abortion. >> he is referring to whether or not there were piles of legislation in congress that he is pursuing in his presidency. and he has said it yet today that we will not be funding abortion with tax pay or money. he is a pro life president and people at the point of conception deserve the freedoms as preserved by our constitut n constitution. this is a rabbit trail. you want to talk about trust. he said he was going to cut the deficit in half. that is trust. if a politician changes his position on issues do you see it as a cynical exercise? >> no. listen, i hear what you are saying. i think it is possible to learn things about legislation and determine things as you go
the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ . melissa: david siegel founder and ceo of westgate resorts and he made headlines this week sending an e-mail to his employees, basically saying if president obama gets reelected he will have to fire them. if any new taxes are levied on me or my company as our current president plans, i will have no choice but to reduce the size of this company. this means fewer jobs less benefits and certainly less opportunity for everyone. david joins me now. it is great to have you on the show. you have gotten a lot of attention for this. do you regret sending the e-mail now, given all the attention it has gotten. >> i regret people saying i'm threadening anybody because i'm not threatening anyone. melissa: okay. >> i'm educating my employees. i'm educating them. i am telling them what will probably happen if the wrong person gets reelected. melissa: are yo
the inevitable ups and downs of incoming data, it appears the economy is growing at such a pace that absent policy action, progress, and reducing unemployment will likely be so for some time. in the meantime inflation is subdued, running at or below our long-run objective of 2%, while longer run inflation expectations remain well anchored. the federal funds rate were 3%, we would have in my view an open and shut case for lowering it. the complication, of course, is that the funds is at its lower bound which means we can't turn that dial further. we have to use unconventional tools such as land guidance about the future path of the funds rate. with respect to lsaps, my belief, this echos the views that chairman bernanke expressed at jackson hole, is that prior rounds of lsaps have placed a significant role in supporting activity and in preventing a worrisome undershoot of our inflation objective. the case is especially strong with respect to the first round of lsaps which was a very potent piece of policy action that helped to bring the economy back from the brink in 2009. however, we now fa
. in all three battleground states, voters by double digits believe the economy is getting better compared to the numbers back in july. >> and mark halperin, that may be the big takeaway from this poll. the race is getting much closer. nobody can predict what's going to happen. if you look at a big friend, thoug trend, you've got to look at a lot of americans in these swing states are looking at the economy saying things are getting better. >> it's clearly a huge factor and yet, obviously, the debate from denver is also a huge factor. i think, you know, we look a lot at the margin of error, and these numbers aren't shifting all that much. what's key is in a lot of the states the president is below 50. that's a danger sign for him. the economy is getting better. it all goes back to the electoral college. you play with the numbers, look at these polls, romney still has to win six or seven or maybe eight of the battleground states in order to take this. and right now he's not there. but he's in a better position clearly than he was a week ago. the economy getting better has caused romney to s
has never created any jobs and does not understand how the economy works. neil: this is from local to viral, he is not aaone, insisting that every business guy that i know in this country is frightened of barack obama and the way he thinks, any regular viewer of this show knows that mr. wynn is not shy. there is something more alarming to his tone now. a bad situation he thinks is getting worse, and now, very much going viral, and going way beyond the white house, wynn attacked ben bernanke, an easy monetary policy he likened to a ponzi scheme. >> we did what bernie played of went to -- made off went to jail for, federal reserve, printed money and bought bonds from government as if there was really an action and a buyer. neil: that is the world's greatest gambler calling washington's bluff, not with a poker face, but with a rid face, mad as hell and he ain't gonna take it any more face. this is a story of how in so doing, steve wynn might have just offended this presidential race, and unfortunately, it is the president who could be coming up snake eyes. so was it a gamble for wynn
there is we have what we think is a diverse economy. we have a knowledge center in our education areas much like states like california and we were pretty good at job creation at the time he got sworn into office. and he immediately dropped us from 47th out of 50. and in the end that really doesn't surprise you. because when you look at the business experience he taughts. it had nothing to do with creating jobs it had to do with helping investors. i can tell you in my region of the state, which is the south coast area south of boston. our major initiatives he was awol in terms of working with legislatures, so job creation did not occur when he was governor. and when someone else succeeded him, we have come back to that we're ahead of the terms of the rest of the country right now in job creation. there is more to go nationwide and even in our state. but in massachusetts i know we don't want to go back and one of the things that is proof in the pudding is mitt romney never campaigns for president in massachusetts. [ laughter ] >> it's no accident that it is not a battle
, the one thing they are specific about is they will take taxes from 18.5% of the economy under normal circumstances, the historical average for the last 30, 40 years, to 21%. that over a decade is a $5 trillion tax increase. they tend not to talk about it, but it's the most important thing in simpson/bowles, a $5 trillion tax increase. there is no room for tax reform because they take all that lovely money, and they spend it. >> look, okay, there's tax rates and tax revenues. now a couple of things, tax rates, marginal rates are different from tax revenues. revenues can come from growth, from capped deductions. i just want to ask you, grover, do you support mitt romney's plan which would lower the rates, put a strict limit on the dollars of tax deductions and increase the economic growth rate? do you support romney? >> well, romney's plan is revenue neutral. he's made a commitment to the american people not to have a net tax increase. that's a great plan. obama wants higher tax rates, and schumer, the leader in the senate, made that clear as well, so it's between romney wanting to cut
thing congress can do that would stimulate job growth or lift the overall economy? boswell: right now we are an agriculture stated we are much more. we are certainly in agriculture state and we don't have a farm bill. it comes up every five years and it's very important to iowa and all of the crop bearing fire for producing states in the middle was an across the country. we have to have a farm bill and there have been political posturing. the speaker -- mr. latham's best friend i'm told. persuade him and bring them to the floor and let's have a discussion and do whatever amendment is going to do to take it to conference and get it done. >> moderator: congressman latham and congressman boswell the farm bill is the most important thing to stimulate job growth. latham: i have done everything possible to try to bring that tilted the floor. i have spoken out against leadership and i totally disagree with him but when you look kevin ag jobs, getting this economy going and has igoa rand and listening to constituents, small-business people, large business people, it doesn't matter. bavarian cert
large over all of the days events and developments in the political economy. why was adequate security denied the u.s. consulate in benghazi. the question remains, and why does the administration continue to carry out a political cover-up of the terrorist attack that results in the deaths of u.s. ambassador, christopher stevens and three other americans. in washington, it seems that many americans believe that every bureaucracy and agency in washington is either politicized , incapable, or simply dysfunctional, the result is rising distrust of the government. today, the numbers in our government labored upon the report created suspicion, uncertainty, and a new dimension of mistrust. weekly jobless claims came in with low expectations the president once again asserting that the tax code is designed. in other words from the man was shot in the head and neck if he commuted to work in yemen. we will have the latest developments tonight. the latest in a series of incredible statements by stephanie cutter. touching on the tragedy in benghazi. carter's rationale for why the murder of our amba
@foxbussiness.com. >> coming up on "the willis report", more evidence obamacare is doing more harm than good for our economy. gerri breaks down how the president's new health plan will hurt your bottom line acts. and obama's campaign painted ronnie's tack when his tax plan black. we will ask professor harvey rosen later. and our financial gerri: well, there is an old saying that says when you're in a hole, stop digging. that is what is going on when it comes to the economy and the president obama's policy. our economy is like a car on winter morning, barely turning over. obamacare, health care law is a good case in point. a new study shows obamacare will cost a total of $26 bilion to implement. just to implement the blizzards and blizzards of new regulations and paperwork required. again, i'm not talking about the increased costs or higher cost doctors. we are just looki at putting law into effect. here's the detail. the private sector will bear the biggest burden of those costs, $20.4 billion over the lifetime. states will have to pony up 7.2 billion. keep in mind, this is a law a lot of states don't even
cacacacacacaaac >> ceo jamie dimon spoke about the global economy and foreign relations today as part of their ceo speaker series. it is virtually assured that bond markets would project the rest out of congress could not reach a deal cutting the deficit. jpmorgan is being sued at the new york attorney general over allegations that subsidiary bear stearns deceived investors into buying mortgage-backed securities. this is an hour. [inaudible conversations] >> well, good afternoon. i am richard haass and i want to welcome all of you to the council on foreign relations into today's ceo speaker series meeting. this is part of the council on foreign relations corporate programs, which is supposed to increase connections and links between the business community in the foreign policy community, which to some extent are one and the same. i want to thank -- rather welcome not necessarily those of you do, but those around the world participating in this meeting or modern technology. speaking of modern technology, if people take a second to turn off their cell phones and the like, that would be most welcome.
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